[PDF] Top 20 The dynamic relationship between financial development and economic growth: New evidence from Zimbabwe

... in economic growth, reaching a peak of approximately 14% in ...of economic growth (Clarke, ...imposed economic sanctions which had been haunting the economy during the 1970s were latter ... See full document

... led growth hypothesis suggests that the development of the financial sector has an important role in the growth of the ...efficient financial sector is able to pool the limited credit ... See full document

... of financial development, and international trade. Financial development accelerates the economic growth via capital formation, its efficient use, encourages FDI inflow and ... See full document

... the financial development-economic growth nexus by building a simple model within a static and dynamic framework to investigate the validity of the Environmental Kuznets Curve (EKC) ... See full document

... effect relationship between financial development and economic growth has attracted discussion among economists for the past three decades or ...whether financial market ... See full document

... causal relationship between financial development, trade openness and economic growth in ...cointegration between variables was found when Johansen method of cointegration ... See full document

... bank development on economic growth for the case of Iran (Al-Yousif, 2002; Al- Awad and Harb, ...which financial development affects economic ...empirical relationship ... See full document

... data from the World Development Indicator (WDI) published by the World Bank for the period ...GDP growth (annual percentage), energy use (kg of oil equivalent), domestic credit to private sector ... See full document

... and dynamic structure of financial time series data, ADF and Phillip Perrons tests are best suited for test of unit ...causality between financial devel- opment and economic ... See full document

... introduced new indicators of financial development with a view to establishing the causal relationship between financial development and economic ...defines ... See full document

... finance-growth relationship has been looked at in African coun- tries such as Ghana, the outcomes have been mixed while the causal direction between the two variables has particularly not been ... See full document

... that financial globalization has a positive and significant effect on the financial system in the transition ...linkage between globalization and financial development, using the data ... See full document

... case economic growth precedes ...causality) from growth to finance, and from finance to growth hence rejecting the postulations of a unidirectional causation between ... See full document

... Slow growth episodes has been the case in most MENA countries, most authors and policy makers are searching for ways to enhance ...The financial sector is one of the identified ...links between the ... See full document

... the dynamic impact on all variables of the system, namely the impulse response function ...the relationship between China’s financial de- velopment and economic growth, this ... See full document

... of financial markets, as well as globalization procedure, increased the intensity and extension of the crisis around the ...Extensive development of financial sector of economy and low growth ... See full document

... in financial in addition to advancement are generally ...building economic climate sluggish the particular economical ...the relationship between fiscal development and economical ... See full document

... away from the real sector of the economy by the excess financial deepening which affected economic ...expanding financial system would takes talents from the real sector slowing down ... See full document

... Since financial sector liberalization was introduced in the 1990s, there may be a break in the variables; therefore both ADF and Phillips-Perron (PP) tests were ... See full document

... may lead to serious biases that cannot be remedied with instrumental variable estimation. The Mean Group Estimator of Pesaran and Smith (1995) is an unweighted average of the country specific coefficients and is ... See full document